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+--- Thread: Is this Nuts or What! (/showthread.php?tid=4458)
Is this Nuts or What! - Putncalls - 08-20-2013
What is the BFD thar brings ir down 24 points?
RE: Is this Nuts or What! - sageo - 08-20-2013
'Putncalls' pid='27574' datel Wrote:What is the BFD thar brings ir down 24 points?
Put- Could be wrong, but when you have lots and lots of money ( and maybe a mole) , you can do a lot of damage to a company that has limited funds.
RE: Is this Nuts or What! - sageo - 08-20-2013
Sorry- Didn't mean to post twice .
RE: Is this Nuts or What! - Putncalls - 08-20-2013
Mainstream reporting is ‘dead’: OPINION
Monday, 19 August 2013
Blair Price
OUR ‘exclusive’ story on InterOil on Friday was widely misreported by other media, which helped caused its shares to slide by 12% before common sense kicked in.
It closed down 3.2% in what was the stock’s highest-volume trading day for this calendar year, as buyers realised an overreaction had taken place.
The report in question from PNGIndustryNews.net was specifically based on news from an industry source that the exclusive negotiations period over a possible PNG transaction between ExxonMobil and InterOil had expired.
The significance of this news was that such a development would allow InterOil to also host negotiations with other parties interested in its Elk-Antelope discoveries in PNG.
It did not mean that negotiations between Exxon and InterOil over this gas field were over.
However, this was the message that was frighteningly run with by various mainstream media around the world, purportedly even including CNBC in the United States, with these outlets not realising that the source’s comments of “it’s dead” were only in relation to the exclusive negotiations period.
Some of the media reports even inaccurately referred to as PNGIndustryNews.net as a blog, and reading some of them online is enough to make one wonder if the reporters involved even bothered reading the original story on the site, or just blindly followed doomful posts made on message boards or comments made by stockbroker types.
While the ineptness of mainstream media to accurately report on anything in the petroleum world was not too surprising, it was especially disappointing to see that Upstream, which should know better, falsely claimed that PNGIndustryNews.net reported that “talks between the two sides had collapsed”.
RE: Is this Nuts or What! - jft310 - 08-20-2013
'Putncalls' pid='27583' dateline='<a href="tel:1376959 Wrote:Mainstream reporting is ‘dead’: OPINION Monday, 19 August 2013 Blair Price OUR ‘exclusive’ story on InterOil on Friday was widely misreported by other media, which helped caused its shares to slide by 12% before common sense kicked in. It closed down 3.2% in what was the stock’s highest-volume trading day for this calendar year, as buyers realised an overreaction had taken place. The report in question from PNGIndustryNews.net was specifically based on news from an industry source that the exclusive negotiations period over a possible PNG transaction between ExxonMobil and InterOil had expired. The significance of this news was that such a development would allow InterOil to also host negotiations with other parties interested in its Elk-Antelope discoveries in PNG. It did not mean that negotiations between Exxon and InterOil over this gas field were over. However, this was the message that was frighteningly run with by various mainstream media around the world, purportedly even including CNBC in the United States, with these outlets not realising that the source’s comments of “it’s dead” were only in relation to the exclusive negotiations period. Some of the media reports even inaccurately referred to as PNGIndustryNews.net as a blog, and reading some of them online is enough to make one wonder if the reporters involved even bothered reading the original story on the site, or just blindly followed doomful posts made on message boards or comments made by stockbroker types. While the ineptness of mainstream media to accurately report on anything in the petroleum world was not too surprising, it was especially disappointing to see that Upstream, which should know better, falsely claimed that PNGIndustryNews.net reported that “talks between the two sides had collapsed”.
I would be quite surprised If PNG Industry doesn't get sued over how is reported .Irresponsible journalism , stuff class action law suites are made of!